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JPMorgan files for second tokenized money market fund on Ethereum


JPMorgan files for second tokenized money market fund on Ethereum

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JPMorgan has filed again with the SEC to launch a tokenized money market fund on the Ethereum blockchain called the JPMorgan OnChain Liquidity-Token Money Market Fund, its second such product designed as a reserve asset for stablecoin issuers. Pending SEC approval, the move signals growing institutional adoption of tokenized funds and could boost crypto liquidity and DeFi integration as a source of stablecoin reserves while underscoring regulatory risk.

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JPMorgan Chase has once again filed to launch a tokenized money market fund on the Ethereum blockchain with the SEC. This fund would be JPMorgan’s second such product, designed to be a reserve asset for stablecoin issuers pending approval from the SEC. The money market fund is called the JPMorgan OnChain Liquidity-Token Money Market Fund...
Read the article at CryptoPolitan

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